Restricted Share Units (Tables)

9 Months Ended

Sep. 30, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Restricted Share Units

The following table summarizes the RSU activity during the nine months ended September 30, 2024, and September 30, 2023:

				Weighted
				average
				grant date
				fair value
	Number of			per share
	shares			(C$)
Unvested as at December 31, 2022		4,822,741		$	0.22
Granted		10,844,993			0.23
Vested		(5,767,218	)		0.24
Unvested as at September 30, 2023		9,900,516		$	0.22
Unvested as at December 31, 2023		7,044,527		$	0.24
Granted (i, ii)		9,720,403			0.11
Forfeited		(50,000	)		0.50
Vested		(2,646,436	)		0.23
Unvested as at September 30, 2024		14,068,494		$	0.15

(i) On January 29, 2024, the Company granted 672,450 RSUs to the CFO of the Company, which vest on January 29, 2025. The vesting of these RSUs resulted in stock-based compensation of $12,568 and $33,880, respectively, for the three and nine months ended September 30, 2024, which is included in operating expenses condensed interim consolidated statements of (loss) income and comprehensive (loss) income.

(ii) On March 13, 2024, the Company granted 9,047,953 RSUs to certain executives and employees of the Company, which vest in one-third increments on March 13 of 2025, 2026 and 2027. The vesting of these RSUs resulted in stock-based compensation of $113,568 and $248,122, respectively, for the three and nine months ended September 30, 2024, which is included in operating expenses condensed interim consolidated statements of (loss) income and comprehensive (loss) income.